The trading of cryptocurrency is especially lucrative and many people are getting involved in that however there is a considerable risk that is involved as well and therefore if you are unable to continuously and adequately invest within the crypto-currency market then you are unlikely to see large returns on your investments.
Illegal trade is what will be very difficult to stop even if the crypto currency is regulated because those involved will still find their ways out to do it.
I think that people are currently struggling to clarify this distinction because it is important that we blame the people that are utilising cryptocurrency for illegal methods rather than blame the currency itself because it is a very valuable innovation and development within the financial and technological world.
Is illegal activities not carried out with Fiat currency ?? . The right thing is to endeavor towards changing people's mind against frauds and not blaming the system .
Illegal activities are definitely carried out by the Fiat currency of any country and a lot of research has actually been put into place in order to show that Fiat currency is being used more than cryptocurrency when it comes to this sort of activities.
That's just it. They are only been strict with cryptocurrency simply because they cannot be able to control it. What government should be bordered with is preventing frauds.
That's the truth and in fact illegal activities is where a lot of people earn their living from and there is no way it can be stopped but the only thing to do is to minimize it.
True, and a lot of persons, mostly the young ones tend to get attracted to these illegal activities either because of peer pressure or due to the fact that there is no job out there.
Fraud is a major issue that would need to be addressed in order to adopt crypto. The one thing that i feel that crypto does do better than fiat currency however is that it cannot be counterfeited, and you can not inject into the network fake coins.
You are so right about that. The darkweb existed long before Cryptocurrencies began to trend and I don't think it would disappear even if there isn't Cryptocurrencies.
A more reason why it should be encouraged. Many rich people have infected the Fiat Currency with counterfeit paper money and this has affect the Fiat currency negatively
Crypto is not the only business that has black market we have so many business that has black market too I think in this case for one not to fall victim, meet people that are in the business for long to put you through
Yes, i think that this is why the government is so focused on trying to regulate these currencies so that they can move away from this notion that cryptocurrency is considered to be the illegal currency as such.
This is true, and there are some places that do sell it and consider these things to be legal, however i think that in bulk of the world it is not legal to own and distribute this content. However, with the amount that is out there i don't see it being regulated. I guess in a way we can liken that to cryptocurrency lol.
